The property covers significant vein and apparent porphyry style mineralization encompassed by an untested 600 x 800 m multi-element (molybdenum-gold-copper-silver) geochemical anomaly of strong tenor. The molybdenum-gold-copper-silver geochemical footprint coupled with molybdenum-pyrite quartz veining within the Teako stock, may represent the halo to the core of a copper-molybdenum porphyry deposit with associated, outboard polymetallic vein showings.
Mineralized showings on the property are hosted within the Teako stock and the adjacent Bowser Lake Group sedimentary rocks. Mineralization includes precious and base metals veins, vein breccias and vein stockwork zones as well as molybdenum-silver bearing veins within the Teako stock. High-grade grab samples have returned values to 21.0 g/t Au, 270 g/t Ag, >1% Cu and 0.17% Mo, and soil samples from negligible to 1,265 ppb Au, 7.8 ppm Ag, 968 ppm Cu, and 1,275 ppm Mo.
The Teako property is located in northwestern British Columbia, Canada, approximately 18 km west-southwest by road from the village of Kitwanga. At Kitwanga the Cedarvale gravel road on the north side of the Skeena River is followed to the west from paved Highway 37 for 16 km. A well-used forest service road reaches the property boundary after 3 km and connects with an extensive road network, providing excellent access over the breadth of the property. Two bridges on roads into the project require work but are presently safe to cross with all-terrain vehicles. The Teako property is located within the 33,000 km2 Traditional Territory of the Gitxsan. First Nation. The nearest reserve is the Koonwats 7 reserve, 3 km to the southeast of the project on the southeast side of the Skeena River.
The Project lies within a belt of important porphyry and precious and base metals deposits within Stikinia, a tectono-stratigraphic terrane that extends the length of British Columbia. Within the local region of the property numerous mineral occurrences are known, and past producers include the Granisle, Bell, Rocher Deboule and Silver Standard mines (Mineralization at the above-mentioned occurrences is not necessarily indicative of the mineralization on the Teako Project).
The Project covers two Minfile occurrences as documented by the BCGS and an additional eight occurrences discovered by John Kemp and Teako Gold between 2012 and 2018. The mineralized showings are hosted within the Teako stock and the adjacent Bowser Lake Group sedimentary rocks. Mineralization includes precious and base metals veins, vein breccias and vein stockwork zones as well as molybdenum-silver bearing veins within the Teako stock suggestive of a porphyry style of mineralization. Results range from negligible to 21.0 g/t Au, 270 g/t Ag, >1% Cu and 0.17% Mo in rock samples, and from negligible to 1,265 ppb Au, 7.8 ppm Ag, 968 ppm Cu, and 1,275 ppm Mo in soil samples.
Copper bearing mineralization was discovered on southeast facing slopes on the current property area in 1925 and 1929. There is no record of any additional exploration until 2012, when reconnaissance exploration programs led to the discovery of several mineral occurrences on the Teako Project by Mr. John A. Kemp.
Between 2012 and 2015, detailed prospecting and cursory geological mapping was undertaken on the property. In 2018, Teako Gold Corp. undertook a detailed mapping, prospecting and soil geochemical sampling program. Eight mineralized showings were identified, and a 600 by 800 m molybdenum-gold-copper-silver soil geochemical anomaly was outlined.
In 2020, Teako Gold flew an airborne magnetometer survey over the entire Teako property. The airborne survey delineated significant structures and a magnetic low over the Teako stock, typical in porphyry type intrusions due to magnetite destruction related to hydrothermal alteration.
Mineral exploration on the property has discovered eight mineralized showings that have seen only limited follow-up work. Grab samples collected from these showings range from negligible to 21.0 g/t Au, 270 g/t Ag, >1% Cu and 0.17% Mo. Soil samples taken from the property range from negligible to 1,265 ppb Au, 7.8 ppm Ag, 968 ppm Cu, and 1,275 ppm Mo in soil.
The property hosts potential for both bulk tonnage molybdenum-gold-copper silver and high grade gold-silver. The property has never been drill tested; however, a 5 year area based permit is in place to test the most favourable coincident geochemical and geophysical targets.